Milady Ch21 The Business of Barbering

A(n)__is typically someone who rents a chair in a barbershop or salon.

When booking appointments over the phone,__.

A lease sets forth the rights and obligations of the__& the barbershop owner.

Purchase insurance for __.

The features associated with a good location include___

In general,your target market should be reflected in the____

A business plan helps a potential business owner__and provides a blueprint for future growth.

Working capital for a new business should be enough to cover__for at least a year.

A purchase agreement should include a statement that__.

The owner receives all profits in a ___

Factors that may contribute to business failure include__.

A(n)__owes the shop owner monthly rent.

In a corporation the __governs the management.

A__ is a type of business organizational structure that may be considered for a shop.

An attractive, adequately furnished, and comfortable waiting area__.

If the barber is not available for a clients request, __.

__is total income less total expenses.

When speaking on the phone, do not__.

A limited liability company can provide owners with____.

When handling a client compliant over the telephone,__.

Advantages of a booth rental arrangement include__.

Guidelines for managing personnel effectively include__.

When the __, a loss occurs.

Expenses include all of the following except__.

A partnership involves__.

A(n)__barbershop is in operation at the time it's on the market for sale & has repeat clientele

A(n)__arrangement is a form of compensation more often seen in chain of franchise salons.

The responsibilities of __include daily operations.

Business ownership requires__.

When selling products in the barbershop, __.

A silent partner looks for a financial return on his or her investment in a business__.

Income is money generated from__.

A lease protects the barbershop owner against__.